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An easy and effective way to explain Bitcoin to the masses

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@jondoe
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People that understand the dangers of inflation love bitcoin

I have found that people have a very difficult time explaining bitcoin to people.

Especially in a way that drives home why it matters and in a way that doesn't confuse the heck out of them.

I think the best way to do it is to probably just show them a picture.

A picture like this one:

(Source: https://twitter.com/markus_matic/status/1296935707181711362/photo/1)

One that shows the impacts of inflation and money printing on the purchasing power of your money.

There is likely very few people who are still alive today that witnessed the creation of the FED back in 1013, and if they are, they sure as heck don't remember it.

Since that time though, the dollar has lost over 95% of its purchasing power.

Not a big deal if you picked the right stocks, but if you held your money in a bank or under you mattress it has been devastating.

Anyways, just show em the above picture and say this is why bitcoin was created and why it matters. It is designed to preserve purchasing power while fiat currencies destroy it.

Posted Using LeoFinance